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PBGC Floats New Withdrawing Employer Interest Rate Assumptions

Oct. 13, 2022, 2:03 PM

The Pension Benefit Guaranty Corporation will publish a proposed rule for interest rate assumptions in determining a withdrawing employer’s liability to a multiemployer pension plan.

The agency said Thursday the rule would assert that the interest assumption used to calculate an employer’s withdrawal liability could reasonably be based on the market price of purchasing annuities from private insurers, including the use of rates under Section 4044 of the Employee Retirement Income Security Act of 1974.

The agency said it will publish the proposed rule in the Federal Register on Friday and allow comments until Nov. 14.

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